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← THE MONTPELIER STEEPLECHASE AND EQUESTRIAN FOUNDATION

Form 990 for tax year 2023

Filed by THE MONTPELIER STEEPLECHASE AND EQUESTRIAN FOUNDATION.

Totals

Total revenue
$957,378
Total expenses
$857,311
Contributions and grants received
$420,956
Grants paid
$90,750
Program service revenue
$491,276
Investment income
$45,477
Other revenue
-$331
Total assets, end of year
$1,518,857
Total liabilities, end of year
$144,799
Net assets or fund balances, end of year
$1,374,058
Program services expenses (Part IX)
$761,507
Management and general expenses
$65,419
Fundraising expenses
$30,385
Program service expenses (Part III)
$761,507

Program services were 88.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $420,956

  • 2a · Program service revenue: TICKET SALES AND PARKI

    total $282,537 · related or exempt $282,537

  • 2b · Program service revenue: TENT SALES

    total $98,885 · related or exempt $98,885

  • 2c · Program service revenue: CORPORATE SPONSORSHIPS

    total $80,245 · related or exempt $80,245

  • 2d · Program service revenue: PROGRAMS AND ADVERTISI

    total $17,943 · related or exempt $17,943

  • 2f · All other program service revenue

    total $11,666 · related or exempt $11,666

  • 3 · Investment income

    total $36,149 · excluded $36,149

  • 7a · Gross sales of assets other than inventory

    securities $18,491

  • 7b · Less cost or other basis and sales expenses

    securities $9,163

  • 7c · Gain or loss

    securities $9,328

  • 7d · Net gain or loss

    total $9,328 · excluded $9,328

  • 8a · Fundraising events: gross income

    $18,635

  • 8b · Fundraising events: direct expenses

    $18,966

  • 8c · Net income from fundraising events

    total -$331 · excluded -$331

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $90,750 · program services $90,750

  • 11a · Fees: management

    total $95,264 · program services $23,816 · management and general $47,632 · fundraising $23,816

  • 11c · Fees: accounting

    total $6,090 · management and general $6,090

  • 11f · Fees: investment management

    total $2,962 · management and general $2,962

  • 12 · Advertising and promotion

    total $33,441 · program services $33,441

  • 13 · Office expenses

    total $27,729 · program services $16,637 · management and general $5,546 · fundraising $5,546

  • 14 · Information technology

    total $15,852 · program services $15,852

  • 17 · Travel

    total $867 · program services $167 · management and general $100 · fundraising $600

  • 19 · Conferences, conventions and meetings

    total $823 · management and general $400 · fundraising $423

  • 23 · Insurance

    total $6,424 · program services $3,735 · management and general $2,689

  • 24a · Other expenses: RACE PURSES

    total $215,000 · program services $215,000

  • 24b · Other expenses: RACING EXPENSES

    total $161,084 · program services $161,084

  • 24c · Other expenses: EQUIPMENT RENT & MAINT.

    total $96,519 · program services $96,519

  • 24d · Other expenses: RACE COURSE MAINTENANCE

    total $53,751 · program services $53,751

  • 24e · All other expenses

    total $50,755 · program services $50,755

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $60,357 · end of year $201,988

  • 2 · Savings and temporary cash investments

    beginning of year $48,841 · end of year $74,332

  • 8 · Inventories for sale or use

    beginning of year $1,050 · end of year $1,050

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,997 · end of year $8,771

  • 11 · Investments: publicly traded securities

    beginning of year $1,095,975 · end of year $1,232,716

  • 19 · Deferred revenue

    beginning of year $28,390 · end of year $144,799

  • 27 · Net assets without donor restrictions

    beginning of year $1,179,830 · end of year $1,374,058

Mission and programs · 2023

Mission

TO CONTINUE THE HISTORIC EQUESTRIAN TRADITIONS OF MONTPELIER PROPERTY AND OVERSEE THE ANNUAL MONTPELIER HUNT RACES FOR THE BENEFIT AND SUPPORT OF JAMES MADISON'S MONTPELIER AND OTHER PROGRAMS OF EDUCATION AND HISTORIC PRESERVATION.

Activities or mission (Part I)

TO CONTINUE THE EQUESTRIAN TRADITION OF STEEPLECHASE RACING AT JAMES MADISON'S MONTPELIER

  • THE MONTPELIER HUNT RACES ARE INTENDED TO PERPETUATE THE HISTORIC EQUESTRIAN ACTIVITIES AND PROMOTE PUBLIC AWARENESS OF MONTPELIER, THE HOME OF JAMES AND DOLLEY MADISON. THE 2023 RACES WERE THE 88TH RUNNING.

    Expenses $761,507 · Grants $90,750 · Revenue $491,276

As filed on the 2023 return.

Listed in Part VII

  • David Perdue

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • David E Gibson

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Sandy Stuart

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Brooke Royster

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rebecca Kramer Dmv

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Arthur Bryant

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Alexander Rives

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Charles H Seilheimer Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Murdoch Matheson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Martha H Strawther

    EXECUTIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    35

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Provenance

Return type
form_990
Tax year
2023
Filed
6 May 2025
IRS schema version
2023v6.0
Source object
202501329349304505

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